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alukav5142 [94]
3 years ago
7

Oriole Company has the following budgeted sales: January $210000, February $260000, and March $220000. 40% of the sales are for

cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during March are:
Business
1 answer:
statuscvo [17]3 years ago
6 0

Answer: The total expected cash receipts during March is $232000.

Explanation:

Given that,

Budgeted sales in January = $210000

Budgeted sales in February = $260000

Budgeted sales in March = $220000

40% of sales are for cash and rest 60% are on credit

Total cash receipts during march = cash sales in the month of march + Credit sales in the month of February + Credit sales in the month of march

= 40% of 220000 + 260000 × 60% × 50% + 220000 × 60% × 50%

= 88000+78000+66000

= $232000

Therefore, the total expected cash receipts during March is $232000.

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6 0
3 years ago
Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. Dur
lubasha [3.4K]

Answer:

a. 15,650

Explanation:

Department E

FIFO Equivalent Units

Particulars           Units               % of Completion            Equivalent Units

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Units Complete   15000         100           100               15000        15000

Add Ending Inv    3000            100           70                3000         2250

less

<u>Beginning Inv.  4000       100                40                4000         1600</u>

<u>Equivalent Units                                                         14000         15650</u>

<u />

<em>The equivalent units for materials using FIFO are 14000 and for conversion are 15650.</em>

<em></em>

<em>In FIFO we add the completed units with the % of complete units in the ending inventory and subtract the beginning Work in Process Opening Inventory % complete units. </em>

<em>We need to calculate the units first transferred out.</em>

8 0
3 years ago
Which statement explains a way how the Securities and Exchange Commission upholds fair business practices?
VikaD [51]

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3 0
3 years ago
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The Thomlin Company estimates that total overhead for the current year will be $16,000,000 and that total machine hours will be
anzhelika [568]

Answer:

d. $80 per machine hours

Explanation:

The computation of the overhead rate is shown below:

Overhead rate = Estimated total overhead cost ÷ total machine hours

= $16,000,000 ÷ 200,000 hours

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The overhead rate is come by dividing the estimated total overhead rate by the total machine hours

All the other information that is mentioned is not considered. Hence, ignored it

4 0
3 years ago
The minimum wage is an example of a Group of answer choices price ceiling. price door. price wall. price floor.
topjm [15]

Answer:

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A price ceiling is a limit that is established by the government that determines the highest price that can be charged for a product or service.

A price floor is a control that is established by the government that determines the lowest price for a product or service.

According to this, the answer is that the minimum wage is an example of a price floor because it determines the minimum amount that a company can pay to a worker.

The other options are not right because a price ceiling establishes the highest price for a product and price door and price wall are not price controls.

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